Jura Energy Corporation Provides Update on English High Court Proceedings

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Postmedia has not reviewed the content. by GlobeNewswire Jura Energy Corporation Provides Update on English High Court ProceedingsAuthor of the article:CALGARY, Alberta, Oct. 02, 2026 (GLOBE NEWSWIRE) — Jura Energy Corporation (“Jura” or the “Company”) provides an update regarding the proceedings before the High Court of Justice of England and Wales in connection with the enforcement of arbitral awards obtained by Jura’s wholly-owned subsidiaries, Frontier Holdings Limited (“FHL”) and Spud Energy Pty Limited (“Spud”), against Petroleum Exploration (Private) Limited (“PEL”).THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountAs previously announced on July 2, 2026, the English High Court had granted an interim freezing injunction restraining PEL from disposing of or diminishing the value of certain assets in England and Wales, up to approximately US$6.96 million, pending a return hearing.This advertisement has not loaded yet, but your article continues below.Following the return hearing, the Court declined to continue the domestic freezing injunction, concluding that FHL and Spud had not established the required real risk of dissipation of assets. The Court also ordered FHL and Spud to pay costs to a third party involved in the proceedings in the amount of GBP 125,000 and costs to PEL in the amount of GBP 145,000. The costs award to PEL was, however, made contingent on PEL having paid its amounts due under the arbitral awards made in favour of FHL and Spud.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againFHL and Spud will continue to pursue enforcement of the arbitral awards and will provide further updates to shareholders as material developments occur.AboutJuraEnergyCorporationJura is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties in Pakistan. Jura is based in Calgary, Alberta, and listed on the TSX-V trading under the symbol JEC. Jura conducts its business in Pakistan through its subsidiaries, Frontier Holdings Limited and Spud Energy Pty Limited.Thispressreleasecontainscertainforward-lookingstatementsandforward-lookinginformation(collectivelyreferredtoherein as“forward-lookingstatements”)withinthemeaningofCanadiansecuritieslaws.Thewords “will”, andsimilar expressionsareusedtoidentifyforwardlookinginformation.Specificforward-lookingstatementsinthispressreleaseinclude information concerning the Jura subsidiaries’ intention to continue to seek enforcement of the arbitral awards.This advertisement has not loaded yet, but your article continues below.The forward-looking statements contained in this press release are based on management’s beliefs, estimates and opinions on the date the statements are made in light of management’s experience, current conditions and expected future development in the areas in which Jura is currently active and other factors management believes are appropriate in the circumstances. Jura undertakes no obligation to update publicly or revise any forward-looking statement or information, whether as a result of new information, future events or otherwise, unless required by applicable law.Readers are cautioned not to place undue reliance on forward-looking information. By their nature, forward-looking statements are subject to numerous assumptions, risks and uncertainties that contribute to the possibility that the predicted outcome will not occur, including some of which are beyond Jura’s control. These assumptions and risks include but are not limited to risks relating to the Jura subsidiaries’ ability to successfully enforce the arbitral awards. There can benoassurancethatforward-lookingstatementswillprovetobeaccurateasactualresultsandfutureeventscouldvaryordiffer materially from those anticipated in such statements. See Jura’s Management’s Discussion and Analysis for the year ended December 31, 2025, available on SEDAR+ at www.sedarplus.ca, for further description of the risks and uncertainties associated with Jura’s business.FOR FURTHER INFORMATION, PLEASE CONTACT:Stephen Smith, Chairman, Jura Energy Corporation T: +44 7834 834 976E-Mail: info@juraenergy.comWebsite: www.juraenergy.comNeitherTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinpoliciesoftheTSXVenture Exchange) accepts responsibility for the adequacy or accuracy of this release.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.